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Tuesday, October 22, 2024

Home Business Chinese customs authorities roll out new measures to support CBZs

Chinese customs authorities roll out new measures to support CBZs

by News desk
August 18, 2023
in Business

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The General Administration of Customs on Wednesday announced it has rolled out 23 reform measures to support the comprehensive bonded zones (CBZs).

The move aims to provide more policy support for the high-quality development of the CBZs, expand their functions and streamline their operational procedures.

The new measures will optimize inspection and quarantine operations, launch the classified and graded management of checkpoints, and upgrade key commodity management.

CBZs are special commercial zones that enjoy favorable taxation policies managed by customs authorities.—Xinhua